SUPPLEMENT DATED OCTOBER 30, 2023
TO THE PROSPECTUS DATED MAY 1, 2023
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
SEPARATE ACCOUNT A
Fixed and Variable Deferred Annuity Contracts
Independence Plus
This supplement updates certain information in the above referenced prospectus (the “Prospectus”). Except as indicated in this supplement, all other information included in the Prospectus and Appendix A—Funds Available Under the Contract (“Appendix A”), including the footnotes, remains unchanged. You should read this supplement in conjunction with your Prospectus and retain it for future reference. All capitalized terms used but not defined herein have the same meaning as those included in the Prospectus. The Prospectus is revised as follows:
In the “Important Information You Should Consider About the Contract” section, the following changes are made:
| • | In the “Ongoing Fees and Expenses (annual charges)” section of the “FEES AND EXPENSES” table, the maximum fee for Investment Options is 0.76% and the Highest Annual Cost is $1,803. |
In the “Fee Tables” section, the following changes are made:
| • | In the “Annual Fund Expenses” table, the maximum Annual Fund Expenses is 0.76%. |
| • | In the “Examples” section, the following replaces the most expensive expense examples: |
The first set of examples assumes the most expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:
(1) If you surrender your Contract at the end of the applicable time period:
| 1 Year | 3 Years | 5 Years | 10 Years |
| ||||||
| $6,449 | $10,543 | $14,623 | $20,917 | |||||||
(2) If you annuitize your Contract or you do not surrender your Contract:
| 1 Year | 3 Years | 5 Years | 10 Years |
| ||||||
| $1,803 | $5,588 | $9,623 | $20,917 | |||||||
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The following table replaces similar table in its entirety in Appendix A:
| Type | Fund – Share
Class Adviser/Sub-Adviser1 |
Current Expenses |
Platform Charge4 |
Current + Platform |
Average Annual Total Returns (as of Dec. 31, 2022) | |||||||||
| 1 Year | 5 Year | 10 Year (or life of fund) | ||||||||||||
| Domestic Large-Cap Equity |
Stock Index Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica Asset Management, LLC (an affiliate of VALIC due to common ownership) |
0.25% | None | 0.25% | -18.33% | 9.09% | 12.20% | |||||||
| Domestic Mid- Cap Equity |
Mid Cap Index Fund2 Adviser: VALIC Sub-Adviser: SunAmerica |
0.36% | None | 0.36% | -13.35% | 6.32% | 10.43% | |||||||
| Domestic Small-Cap Equity | Small Cap Index Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica |
0.40% | None | 0.40% | -20.66% | 3.80% | 8.77% | |||||||
| Global Equity (International and Domestic) |
International Socially Responsible Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica |
0.61% | None | 0.61% | -16.55% | 3.24% | 7.88% | |||||||
| International Equity |
International Equities Index Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica |
0.43% | None | 0.43% | -14.52% | 1.29% | 4.11% | |||||||
| Hybrid (Equity and Fixed Income) |
Asset Allocation Fund2, 3 Adviser: VALIC Sub-Adviser: J.P. Morgan Investment Management Inc. |
0.69% | None | 0.69% | -16.42% | 2.73% | 5.39% | |||||||
| Fixed Income | Core Bond Fund2 Adviser: VALIC Sub-Adviser: PineBridge Investments LLC |
0.50% | None | 0.50% | -14.25% | 0.02% | 1.13% | |||||||
| Goldman Sachs VIT Government Money Market Fund3 – Institutional Shares
Adviser: Goldman Sachs Asset Management, L.P. |
0.18% | None | 0.18% | 1.58% | 1.17% | 0.75%* | ||||||||
| Government Securities Fund2 Adviser: VALIC Sub-Adviser: JPMIM |
0.67% | None | 0.67% | -11.16% | -0.19% | 0.42% | ||||||||
| International Government Bond Fund2 Adviser: VALIC Sub-Adviser: PineBridge |
0.76% | None | 0.76% | -16.22% | -1.73% | -0.51% | ||||||||
You should read the Fund prospectus for more detailed information about the Fund. The Fund prospectus may be obtained by vising our website at https://www.corebridgefinancial.com/rs/prospectus-and-reports/annuities or by calling us at 1-800-448-2542.
Please keep this supplement with your Prospectus.
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